TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS CLOUDARON GROUP BERHAD ("CLOUDARON" OR THE "COMPANY") TERM SHEET IN RELATION TO THE PROPOSED DISPOSAL
| CLOUDARON GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | CLOUDARON GROUP BERHAD ("CLOUDARON" OR THE "COMPANY")
TERM SHEET IN RELATION TO THE PROPOSED DISPOSAL |
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The Board of Directors of Cloudaron (“Board”) wishes to announce that the Company had on 18 July 2025 entered into a non-binding term sheet (“Term Sheet”) with Abelco Investment Group AB, a Swedish public limited company (“Abelco”), for the proposed disposal by Cloudaron of its entire equity interests in Cloudaron Pte. Ltd. (“CPL”) and DACS Network Solutions Sdn. Bhd. (“DACS”) (collectively, the “Target Companies”), the wholly-owned subsidiaries of Cloudaron, to Abelco (“Proposed Disposal”).
Please refer to the attachment for further details of the Proposed Disposal.
This announcement is dated 18 July 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | CLOUDARON GROUP BERHAD |
| Stock Name | CLOUD |
| Date Announced | 18 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18072025-00013 |